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AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was "in search of a case" more than four years after being filed.
Construction PRO
Real estate fund manager Dexus has sued wealth management firm AMP following a decision forcing it to sell its half of the $1.7 billion Macquarie Shopping Centre.
Construction PRO
The Belmont Citi Shopping Centre has changed hands after 27 years, with a private investor scooping up the popular NSW shopping destination for $40 million.
Construction PRO
A six-storey shopping centre in Melbourne’s CBD has been snatched up for $80.1 million by a private investor.
Construction PRO
Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment's stake in the Queen’s Wharf entertainment project in Brisbane.
Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients' best interest.
The corporate regulator has brought action against three companies in Sanjeev Gupta's steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.
Construction PRO
Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.
Construction PRO
Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what's been touted as the largest-ever direct real estate transactions in Australia.
Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as 'drip' pricing.